Funding for long-term savings initiatives to be directly credited to citizens' bank accounts up until September's end.
The Russian government has announced the launch of a new long-term savings program (LSS) aimed at helping citizens accumulate funds and create a "safety cushion". This state-supported program is unique in its kind, providing an opportunity for citizens to receive additional income.
According to the Russian President, Vladimir Putin, the essence of the LSS program has been highlighted, and more than 30 non-state pension funds, including those in Nizhny Novgorod, have joined the initiative. The full list of participating funds can be found on the Russian Ministry of Finance's website (minfin.gov.ru/ru/perfomance/pds).
The LSS program is designed to help citizens save funds, with the state contributing up to 36,000 rubles annually. Work is underway to technically allocate funds from the federal budget for co-financing the LSS, with funds to be credited to citizens' accounts by September.
Registered users of the "Resident of the Financial Culture Capital" portal can participate in various financial literacy events and earn points, including for participating in the LSS program. The Nizhny Novgorod region, which received the status of "Financial Culture Capital" in 2025, has presented a new interactive project under this name.
The LSS income can be calculated on the portal Moifinanasy.рф. The calculator will calculate the amount of monthly payments after 15 years of savings. For accurate information on any recent or newly introduced program referred to as "LSS" in Russia, official Russian government or financial institution websites should be consulted.
It is essential to note that, while the LSS program is not a widely recognized long-term savings program in Russia under the exact acronym, the Russian government offers several forms of pension savings and investment options. However, a program specifically named "LSS" may involve pension funds or other state-supported saving mechanisms, but these are usually not called "LSS."
For those interested in the LSS program, it is recommended to visit the official Russian government or financial institution websites for the most accurate and up-to-date information. By participating in the LSS program, citizens can secure a brighter financial future and create a "safety cushion" for themselves and their families.
Personal finance is a key aspect of the LSS program, as it aims to help citizens accumulate and manage their savings effectively. The LSS program is designed to contribute up to 36,000 rubles annually towards personal-finance goals, assisting citizens in creating a "safety cushion."
